“Point of care and Rapid Diagnostics Market” report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Point of care and Rapid Diagnostics Market by region.
Global Point of care & Rapid Diagnostics Market is valued at approximately USD 38.89 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10.80% over the forecast period 2022-2028.
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The point of care and rapid diagnostics utilized to get an immediate result in the investigation of various diseases such as heart diseases, cancer, diabetes, and others are defined as a point of care (POC) and rapid diagnostics market. The market is driven by key factors such as supportive government policies and high prevalence of infectious diseases. The rising prevalence of chronic and infectious illnesses such as heart disease, hepatitis, cancer, gastrointestinal, respiratory, and sexually transmitted diseases (STDs) is driving the global point of care and rapid diagnostics market.
For instance, According to UNAIDS, 20.6 million persons in East and Southern Africa were living with HIV in 2018. In the Middle East and North Africa, 20,000 new HIV infections were reported in 2019. Moreover, in 2019, an estimated 5.8 million persons in Asia Pacific were infected with HIV, with India and China leading the way. In India, over 2.1 million persons were infected with HIV in 2019. Hence, high incidence of HIV has led to an increase in demand for point-of-care and rapid diagnostics. Also, growing investments and funding for product development and increasing provider awareness about novel technologies create lucrative opportunities in the upcoming years. However, stringent regulatory policies impede the growth of the market over the forecast period of 2022-2028.
The geographical regions considered for the global Point of Care & Rapid Diagnostics market analysis include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is leading the market growth followed by Europe. Factors supporting the growth are increase in the number of product approvals and rise in the prevalence of lifestyle diseases. However, Lain America is projected to be the fastest growing region owing to increasing healthcare expenditure, increase awareness about early detection of diseases.
Major market players included in this report are:
- Abbott Laboratories
- Siemens Healthineers AG
- Quidel Corporation
- F. Hoffman-La Roche Ltd.
- Danaher Corporation
- Becton, Dickinson and Company
- Chembio Diagnostics
- EKF Diagnostics
- Trinity Biotech plc
- Instrumentation Laboratory
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
COVID-19 test products
Glucose Monitoring Products
Cardiometabolic Monitoring Products
Infectious Disease Testing Products
By Platform:
Lateral Flow Assays
Dipsticks
Microfluidics
Molecular Diagnostics
Immunoassays
By Mode of Purchase:
Prescription-based Products
OTC Products
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End-User:
Clinical Laboratories
Ambulatory Care Facilities and Physician Offices
Pharmacies, retail clinics, & E-commerce Platforms
Hospitals, Critical Care Centers, Urgent care centers
Home Care & Self Testing
Other End Users
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report covers several key questions related to the global Point of care and Rapid Diagnostics market, including:
- What can be expected for the Point of care and Rapid Diagnostics market in the next decade?
- What are the primary drivers of growth in the global Point of care and Rapid Diagnostics market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Point of care and Rapid Diagnostics market vary based on the size of the end market?
- What is the breakdown of Point of care and Rapid Diagnostics by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Point of care and Rapid Diagnostics market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Point of care and Rapid Diagnostics Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Point of care and Rapid Diagnostics Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Point of care and Rapid Diagnostics Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Point of care and Rapid Diagnostics Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Point of care and Rapid Diagnostics Market.
Our Point of care and Rapid Diagnostics Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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